Fed's Williams said inflation remains elevated and the Fed must ensure a sustained decline to the 2.0% target, while current monetary policy is appropriately set. He sees signs inflation may have peaked and expects it to fall gradually over the next few quarters to about 3.25% by year-end, then move toward 2.0%, reaching the target by 2028. Williams projects real GDP growth around 2.0–2.25% this year and over the next two years, and expects the unemployment rate to edge down to roughly 4.0%, not

Fed's Williams said inflation remains elevated and the Fed must ensure a sustained decline to the 2.0% target, while current monetary policy is appropriately set. He sees signs inflation may have peaked and expects it to fall gradually over the next few quarters to about 3.25% by year-end, then move toward 2.0%, reaching the target by 2028. Williams projects real GDP growth around 2.0–2.25% this year and over the next two years, and expects the unemployment rate to edge down to roughly 4.0%, noting the labor market is resilient and stable.